Evening Star Newspaper, October 26, 1929, Page 16

16 '"REAL CONTRACTS TOPIC = OF REALTY TALK ttorney Whiteford Tells Fo- 4l rumat Y. M. C. A, Essen- i tials on Agreements. Leuflold!ng that a real estate broker oc- upies a position requiring fidelity and Mrust, Roger J. Whiteford, attorney, Jpointed out some specific illustrations detailing before the Real Estate Forum at the Y. M. C. A. this week the ‘nwm\nce of real estate contracts. il Dealing with the subject of general gnlm(‘(s ordinarily used and required Teal estate practice Mr. Whiteford ¥mphasized the essentials of the pur- hase and sale contract. Mr. White- rd said “a realization of the fact that W real estate sale and purchase contract 4n reality is a “three in one” contract, mamely a contract between the pur- chaser and the seller, the seller and the Proker, and a recognized contract in a Nmited degree between the broker and the purchaser. Expression of Fundamentals. { “For this reason it is especially im- rtant that such a contract express learly and fully the fundamentals of greement between all the parties. As such a contract forms the legal basis for ghe transaction and its enforcement and 'ESTATE. NEW HOME PURCHASED BY A. R. LOFSTRAND THE EVENING STAR, .YWASHINGTON, Residence at 3834 Harrison street, which has been acquired as the new residence of Mr. Lofstrand. through the agency of Shannon & Luchs, Inc. It was purchased Girl to Wed Poster Hero. As Miss Gladys Hewett walked past a billboard in London every morning on her way to work, the poster of a strong, silent man with curly hair smiled at her Cupid mixed in, and finally the girl wrote the firm who put out the poster, inclosing | m! a letter and her photograph for her ideal man. The firm forwarded the let- ter to the poster artist, who in turn sent it to his brother in the merchants’ serv- ice, who had been the model, As a re- sult, Miss Hewett will soon give up ste- nography to become the bride of the an of her poster dreams. D. €., SATURDAY, OCTOBER 26, 1929. |AIRPORT SURVEY BY REALTORS URGED Davison Advises Check of Requirements in Establish- ment of Fields. Realtors should survey airport re- quirements of their communities and co-operate in the establishment of landing fields, F. Trubee Davison, As- sistant Secretary of War, advised members of the New York State As- soclation of Real Estate Boards, when he spoke before their annual conven- tion in session recently at Syracuse. “What the realtor has done for the homes, industry and commerce of his | community he can do to a large extent for aviation and the business that will result from air commerce,” Mr. Da- vison sald. “When we think of avia- tion we are inclined to visualize a plane in flight. But in order to be of use a plane must have proper land- ing facilities. That is fundamental. “And that is where the real estate phase of aviation begins to come into focus, and also where you, as land experts interested in ‘sound com- munity development, enter the picture. selecting sites there are several considered. Important among se is the location of the field. It should be on a main traffic line as close to the community it serves as practicable. Time is the main ar- ticle that aviation has for sale, and time is a highly perishable commodity. The acquisition of land for future ex- pansion is another matter to consider. As years pass by each airport will be- come the center of its own business community, but unless your landing fleld is protected against obstructions the very presence of that community might become a handicap to fiying operations.” Mr. Davison described the first real estate transaction on record in this country in connection with aviation. It was consummated in 1901, when the Wright brothers leased a 600-acre tract from the natives of Kitty Hawk, N. C, in order that they might con- duct their gliding experiments without interference. Children Rush a School. Nearly 150 pupils of the Newmains district of Lanarkshire, Scotland, who wild rush recently, forced their way into the building and stopped the classes. They then took possession of the audi- torium and permitted the classes to re- assemble. The children had been barred from the school during .a dispute be- tween school authorities and parents following their transference to another ;chool. Parents finally took the strikers ome. had been Jocked out of school, made a | REAL ESTATE. Dolls Wait on Radio Show. More than 15,000 dolls in England, scheduled to make Christmas trips, walited, legless, for the end of the radio exhibition at Olympia, When the Lon- don County council demanded that saw- dust be used of the exhibition hall where ers were used, the only able was that destined for the dolls, One thousand sacks of it were taken. with the agreement that it be returned in time for the dolls to be made pre- sentable to Santa. Marietta Park 8ee These New Seml-detached Homes al Fifth and Onelda Place N.W. You will like these a construction. ttractive homes of artistic design They stand on large lot 27% feet wide with terraced and solid brick lawns and h'.vL many desirable features. Six large, cheerful rooms and th with shower, covered froi Frigl breakfast and sleeping numerous other features, Drive eut Georgla A w _Strest, to _Longfelle: nt ch and screened mmdmmmmbuld- gt S 2 North to our New Hom Open and Lighted Until 9 P.M. FLOYD E. DAVIS CO. Realtors 733 12th Street N.W. Natl. 0352-0353 : not affected by verbal statements, it in a most engaging manner. THIS COZY HOME Wtructed with great care,” he said. < “Another fact which further indi- Is the Last New Dwelling to be Completed This Year in the Beautiful Development of Bates that unusual care should be used North Woodside, Md. Warm Apgrtments All Winter in beautiful J3am 4 preparing real estate sales contracts | % the protection to which the layman | Js entitled in respect to his real estate | ‘Bealings. This is especially true when | is realized that to the average person $he purchase of a home is the largest ngle business engagement undertaken | ‘perhaps in a lifetime. Frequently, t0o, | e savings of a lifetime are involved. addition the purchase of a home | Wffects the general welfare of the family | #nd its future comfort and security.” s\ Mr. Whiteford said: “Different types f properties require different types of rovisions in sales contracts. Agree- finvs to purchase an apartment house, ce building or business property ali #Suue unusual and special provisions ically different from those required shive 100% Co-operative (bardens the purchase of a single residential t or a dwelling. However, certain Fundamentals might be considered ap- licable to real estate sales contracts in eneral. For instance, complete names ‘9t parties, correct description of the roperty involved, sale price and the anner in which it is to be paid, refer- nce to condition of title, time of settle- fment, and adjustment of taxes are some f the provisions that should be in- gluded generally in all contracts of pur- fhase and sale of real estate.” R Position is Confidential. 2 In conclusion Mr. Whiteford said: ®The real estate broker holds a confl- tial position requiring strict integ- ty and .while the broker engaged by Bn owner to sell a property is the own- ®r's legal agent and must serve him well d faithfully, he cannot resort to mis- presentation or make any statement is false or that he does not know, true.” At the next meeting of the forum the subject of mortgages and financing of real estate will be discussed by John A.f Petty, executive secretary of the Wash- ington Real Estate Board, who is serv- ing as chairman of the forum. —_— MEDICAL BUILDING—CO. ACQUIRES MORE LAND The Columbia Medical Building Co., Inc, has purchased three parcels of land immediately to the north of the new Columbia Medical Building, on Nineteenth street above I street, it is announced by John F. Maurey, realtor, who handled the transaction. The total consideration was reported to be approximately $80,000. The pm?- erties at 913, 'lbh“ll:g :r” Ntnnemn;x street were purc] om Mary A. Miller, Mary A. Mangan and Blanche Huck, respectively. Huck respectively. e ———— H‘%“WALTER A. DUNIGAN QUALITY BUILT HOMES”=—=, 4 REASONS Why They Are Selling Fast 1. The advanced floor plan and superior construction. 9410 Glenridge Ave. An opportunity to obtain this Aarti‘tic hqme of per- manent Brick and Stucco construction at a price to insure immediate sale. $ 8 ’9 5 0 With Convenient Terms Five large rooms, sleeping porch and attic with modern bath, hardwood floors throughout, hot-water heat and built-in garage. Open for Inspection Daily and Sunday Motor out 16th St., turning into Alaska Ave. to the District Line at Georgia Ave., north under the viaduct a short 1V; miles to the Stone Entrance to North Woodside on the left. During construction of the Extension from 16th St. through North Woodside detour 1 block morth of entrance to reach 9410 Glenridge Ave. WOODSIDE CONSTRUCTION CO. Phone Silver Spring 109 These Beautiful Co-operative Garden Apartments Win National Approval This project has been passed by the Consultation Bu- reau of the Co-operative Apartment Division of the NATIONAL ASSOCIATION OF REAL ESTATE BOARDS Visit this profosed $15,000,000 Co-Operative Garden Apartment Project —SUNDAY— or any day or evening NINE NEW BUILDINGS NEW HAMPSHIRE AVE. at Emerson St. N.W. Now Open for Inspection " A ND the first to provide exceptionally desirable homes at the lowest prices and most generous terms ever before pro- vided anywhere. For Example:— A corner garden apartment, with bedroom, living room, din- ing room, kitchen, reception hall and bath—with a rental value of $70 per month—can be bought, after initial deposit, on monthly payments of $47.25, including taxes, interest, insurance, heat, electric refrigeration and all operating costs. Balsam-Wool Furnished by . Barber & Ross; Inc. 11th & G Sts. N.W., Washington, D. C. 2. The unusually large lots. 3. The location—the highest point in the city. 4. The price. y Along with many other a'd\)antages that owners of . 4 . UT between beautiful Rock Creek Park and Y"fl\{‘:‘- N S : il Soldiers’ Home Park—in the most popular resi- R apartments in beautiful Hampshire Gardens will have dence section of Washington—is being built a commu- is comfortable rooms all through the Winter. For every building in this delightful new development is insulated with Balsam-Wool. Protected from the cold winds of the Wintertime by a blanket of fluffy wood fibre that tucks into every nook and cranny and stops heat before nity of unusual co-operative apartment homes. These homes, available only to carefully selected fami- lies, are without parallel anywhere in excellence of living accommodations, architectural beauty, charming it can escape. environment, general desirability and economy of oper- Realizing the necessity for the best cold protection available Balsam-Wool has been specified throughout It is but typical of the superior planning and construction in Hampshire Gardens. ation. Yet they can be secured at prices and terms that are actually less than those recommended by President Hoover for a proposed philanthropic development. the entire development. I made a Radical Change in this new group. The advanced sales proved its practicability. After carefully weighing the suggestions of our own buyers and prospective buyers, I planned this new house. There are no Small Rooms. The Old “Bugbear” about the Small Hall Room has been eliminated in this_house. It becomes a Real Room. Balsam-Wool is a Weyerhaeuser product made by the Wood Conversion Company at Cloquet, Minnesota, and distributed through. lumber dealers. Learn more about this remarkable development at Balsam-Wool for Hampshire Gardens Develop- ment sold by Barber & Ross, Inc. Find out about the low cost and convenient Write, telephone or call today. Whether you are a prospective buyer or not, do not fail to inspect the once. Exhibit Home— 4220 37th Street N.W. In this beautiful subdivision of North Cleveland Park, these four- bedroom and two-bath homes at their price are the last word in value. TO REACH—Drive out Connecticut Ave, to Van Ness St., west to 37th St., one block north to houses, or out Wisconsin Ave. to Van Ness St., east to 37th St, one block morth to houses. Emerson.” and get off at Open and Lighted Daily and Sunday Until 9 P.M. Sth and Emerson, or Walter A. Dunigan 925 15th St. Phone Nat. 9530 || 4 = S =SSl R R It is true insulation—a blanket of fluffy wood fibre that looks and acts like sheep's wool— keeping out the scorching heat of summer and saving fuel during the heating season. terms. FLEXIBLE - THICK . EFFICIENT . WINDPROOF WATERPROOF . FIRE RESISTANT VERMIN PROOF . LIGHT WEIGHT - PERMANENT HAMPSHIRE GARDENS DEVELOPMENT ! CORPORATION EDMUND J. FLYNN, Director of Sales Sales Office, New Hampshire Avenue at Emerson Street N.W. Phone Columbia 6734 Main Office, 1416 Eye Street N.W. Phone National 8949 TO INSPECT — Take Washington Rapid Tran- sit Bus marked “Sth and Open for Inspection Every Day and Evening Ouner and Bi uilder